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Nonprofit · EIN 04-6056456

MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC

Tax-exempt · PEABODY, MA 01960

Financials

$49K$51K2023$48K$51K2024
Revenue Expenses · by fiscal year end
Financials of MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$47,692$51,342-$3,650$4,165–$4,165
December 31, 2023990-EZ$49,265$50,559-$1,294$7,813–$7,813
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Membership dues
$47,692

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$3,500
Professional fees and payments to contractors
$3,700
Printing, publications and postage
$16,530
Other expenses
$30,112
Program services (functional)
$50,342

Balance sheet and other

Total assets, start of year
$7,813
Total assets, end of year
$4,165
Total liabilities, end of year
–
Net assets, end of year
$4,165
Cash, savings and investments
$3,371
Gross receipts
$47,692

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Cheryl ChisholmClerk25$3,000
Edward ChisholmTeasurer15$500
990-EZ for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Phil GreensteinCommodore5$0
Carolyn BargootVice Commodore5$0
Cheryl ChrisholmSecretary10$0
Edward ChisholmTreasurer8$0
Peter GilsonDirector5$0
Russell HoyDirector5$0
Peter CatenDirector5$0

Address and contacts

Address (IRS master file)
33 CATHERINE DR, PEABODY, MA 01960-3336
Signed the 990-EZ
Edward Chisholm, Treasurer
Phone
(978) 839-3077
Website
mbyca.org
Return prepared by
M Stanley Metz and Co Inc

Mission

To educate its members

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Education of its members and prduction of annual yearbook educational
    Expenses $50,342 · grants $1,000

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
04-6056456
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1996
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$4,165
Income (IRS master file)
$47,692

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$47,692$51,342$4,165IRS
990-EZDecember 2023$49,265$50,559$7,813XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6056456).

Questions about MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC

What is the EIN of MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC?
The employer identification number (EIN) of MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC is 04-6056456.
Is MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1996.
Are donations to MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC?
The 990-EZ for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $3,000 (Cheryl Chisholm, Clerk).
How much revenue does MASSACHUSETTS BOATING & YACHT CLUB ASSOCIATION INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $47,692, expenses of $51,342 and total assets of $4,165 at year end.

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